The Next Generation Of Memory Technologies Can Replace Existing Mass-Production Memories Such As SRAM And Flash

 

Next Generation Of Memory Technologies

A quick, effective, and affordable storage option that has a higher data storage capacity than silicon chips is referred to as next-generation memory. As a result, it has several uses in the global telecommunications, information technology (IT), and banking, financial services, and insurance (BFSI) sectors. The demand for memory devices with high bandwidth, low power consumption, and high scalability has increased recently as a result of advances in artificial intelligence (AI), the Internet of Things (IoT), big data, and other technologies. This is fueling the need for next-generation memory in turn.

According to Coherent Market Insights, Global Next Generation Memory Technologies Market Size Is Estimated To Be Valued At US$ 6567.5 Million In 2021 And Is Expected To Exhibit A CAGR Of 56.8% Between 2021 And 2028.

A significant improvement over software-hardware devices is Next Generation Memory. Next Generation Memory Technologies is a perfect replacement for current mass-production memory like SRAM and Flash. It has superior functionality and is anticipated to quickly replace the current mass-production memory. Although not all current memories would be replaced, these memories are also securing specialised application fields for themselves and are about to enter the mainstream. ReRAM (Resistive Random Access Memory), MRAM (Magneto-resistive Random Access Memory), PCM (Phase-Change Memory), and FeRAM are examples of next-generation memory.

Universal memory is currently gaining a lot more popularity across the globe. This is one of the main drivers boosting the Next Generation Memory Technologies growth, along with the expanding electronics sector. In addition, the market for NOT-AND (NAND) flash memory, a non-volatile storage technology that does not require energy to store data, is growing along with the sales of smartphones, tablets, USB drives, and solid-state drives (SSD).

In addition, cutting-edge networking, high-performance computing (HPC), and artificial intelligence (AI) systems are increasingly using high-bandwidth memory (HBM), a new generation of visual memory technology. For example, it is used in decoders, completely driverless vehicles, neural network architectures, and other cutting-edge applications that need a lot of bandwidth and little power. This is helping the industry grow, along with the increasing use of wearable technology.

Various Technologies of Next Generation Memory-

Non-Volatile

·       Magneto-Resistive Random-Access Memory (MRAM)

·       Ferroelectric RAM (FRAM)

·       Resistive Random-Access Memory (ReRAM)

·       3D Xpoint

·       Nano RAM

·       Other Non-Volatile Technologies (Phase change RAM, STT-RAM, and SRAM)

Volatile

·       Hybrid Memory Cube (HMC)

·       High-Bandwidth Memory (HBM)

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